RiverFront Investment Group LLC Buys 34,201 Shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF $HYGW

RiverFront Investment Group LLC grew its stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) by 96.2% during the fourth quarter, HoldingsChannel reports. The firm owned 69,757 shares of the company’s stock after purchasing an additional 34,201 shares during the quarter. RiverFront Investment Group LLC’s holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF were worth $2,083,000 at the end of the most recent quarter.

Separately, Private Trust Co. NA boosted its stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the 4th quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock valued at $63,000 after purchasing an additional 657 shares in the last quarter.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance

Shares of HYGW opened at $28.92 on Monday. The firm’s 50-day moving average price is $29.25 and its 200-day moving average price is $29.70. The firm has a market capitalization of $216.90 million, a price-to-earnings ratio of 10.56 and a beta of 0.24. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 1-year low of $28.90 and a 1-year high of $30.75.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

The iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is an exchange-traded fund that is based on the Cboe HYG BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares High Yield Corporate Bond ETF and writing one-month call options against the shares. HYGW was launched on Aug 18, 2022 and is managed by BlackRock.